Trafalgar recruits Navigator founder

Trafalgar Capital Management, the London-based hedge fund group run by Chris Aarons and Nick Cremin, has recruited Brian Bielinski, founder of Navigator Fund Advisers, as a senior portfolio manager.

His move also involves the transfer of his $30m (€28.5m) Navigator Compass fund to Trafalgar. Bielinski runs a quantitatively-based strategy for the fund, which has annualised returns of 14% since its launch in 1999. The transfer of the fund will bring Trafalgar's total assets under management to $150m.